1502 Basie CresPortsmouthVA23701
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Portsmouth at 1502 Basie Cres, Portsmouth, VA, 23701 generates $2,221/mo in rent and, after a $1,454/mo payment, leaves $445/mo in cash flow. Total monthly income is $2,221/mo, and annual cash flow is $5,343/yr on $98,456 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 8.97% on a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash sums $129,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
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Listed by: Steffanie Battles • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10615068